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Easily Register Charges

Companies are required to complete registration of charges within 30 days of creating a security interest on its assets. IndiaFilings offers an easy process for creating charges from Rs.4899/-

charge-creation

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Charge Creation & Satisfaction

Companies Act, 2013 defines "charge" as an interest or lien created on the property or assets of a company or any of its undertakings or both as security and includes a mortgage. Hence, charge is a type of security created on some property of the company to secure company lent. Charge can be fixed if it's attached to a specific item of property (for example land); a floating charge is created when charge is created over changing assets (for example cash, receivables). It is the duty of every company to register with the Registrar of Companies specific charges created by the company on its assets. The purpose of registration of charge is to provide public notice to those who contemplate giving credit to the company on how far the property of the company is encumbered.

As per Companies Act, companies are required to file particulars of a charge within 30 days of the creation thereof, otherwise the charge is void against the liquidators and the creditors of the company.

IndiaFilings is the leading business services platform in India, offering a variety of services like charge creation, company registration, trademark filing, GST registration, income tax filing and more. IndiaFilings can help you register charges with the Registrar of Companies. The average time taken to file for registration of charges is about 5 - 11 working days, subject to government processing time and client document submission. Get a free consultation on procedure for charge creation by scheduling an appointment with an IndiaFilings Advisor.

Creation and Satisfaction of Charges

Register of Charges

Companies Act, 2013 makes it mandatory for all companies having created any charge to keep a register of charges in the prescribed format at the registered office of the company.

Know More IMPORTANT

Certificate of Registration

When a charge is created and filed with the Registrar, the Registrar of Companies would issue a certificate of registration of charge to the person in whose favor the charge is created.

Non-Registration

As per Companies Act, 2013, non-registration of a charge makes the company and officers of the company liable for fines and punishment.

Charge Modification

In case the terms, conditions, extend or operation of a charge created on a company and filed with the Registrar is changed, then the company must file for modification of the charge.

Charge Satisfaction

When the charge created on a property or asset of a company is satisfied in fully, the company must give intimation to the Registrar on satisfaction of the charge.

Simple & Transparent Pricing

Basic

Rs.4899/-
all inclusive fees
Checkout

    Filing for registration of charges. Inclusive of service tax.

Standard

Rs.7899/-
all inclusive fees
Checkout

    Filing for modification of existing charge. Inclusive of service tax.

Premium

Rs.12899/-
all inclusive fees
Checkout

    Filing for satisfaction of charge. Inclusive of service tax.

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